300-Plus Townhomes Cleared To Rise In Manor
ABJ – 7/22/2022
Manor City Council has agreed to rezone nearly 63 acres east of the city, clearing the way for the creation of a new neighborhood with some commercial space. Council unanimously voted July 20 to zone the land for townhome and medium commercial use. Developer Mill Creek Residential plans 335 townhomes on the 52 acre site just south of U.S. Route 290. A little more than nine acres at the site’s northwest corner will be zoned for medium commercial development.
Samsung Weighs Huge Austin-Area Growth: $200 Billion Investment, 11 New Fabs, 10,000 New Jobs
Austin American Statesman – 7/20/2022
In what could be the biggest economic investment in Central Texas history, technology giant Samsung is considering building 11 new chipmaking facilities in the Austin area over the next two decades, a stunning move that could lead to nearly $200 billion in new investment and create more than 10,000 jobs, according to documents filed with the state.
The proposals call for 11 new manufacturing plants, with two in Austin and nine in Taylor. The total investment would be $192.1 billion and would create about 10,000 jobs if Samsung goes through with all of the plans.
Tesla Files Plans to Expand its Austin Gigafactory
Connect Media – 7/18/2022
Its current factory had its grand opening in April of 2022 and already Tesla wants to add onto to one of the biggest manufacturing campuses in the world. The current building is equivalent to 15 city blocks or three Pentagons, just over 4 million square feet. The company filed plans with the City of Austin to build a 500,000 square foot addition to its current factory. Tesla says it is planning to add two new assembly lines in the new building.
New York, Texas Top Latest List of Priciest Multifamily Projects Getting Underway as Industry Slowdown Expected
CoStar – 7/20/2022
Developments in two of the nation’s largest markets for apartment construction topped the list of priciest U.S. multifamily projects to start in June as projections mount that building will slow this year.
The New York City area, which has the most apartment units under construction in the country, had the top two most expensive projects get underway in June while Austin, Texas, had the third costliest, according to Dodge Construction Network’s monthly report. Austin is fourth in the country for apartment units under construction with nearly 30,000 units, according to CoStar,
Georgetown, Texas Shopping Center Sold by LRIC Properties
Connect Media – 7/22/2022
Disney Investment Group (DIG) brokered the sale of Republic Square in Austin. The 113,772 square foot shopping center is located at the northeast corner of Interstate 35 and Williams Drive in Georgetown. The center is 92.8% leased with tenants that include Dollar Tree, Harbor Freight, Starbucks, Chipotle, Pizza Hut and others.
Georgetown Possible Site for Two New Self-Storage Facilities
Connect Media – 7/19/2022
The town council gave its tentative okay for a combined 250,000 sq. ft. of new space and to allow for three stories instead of one. One center is being proposed at 1301 NE Inner Loop in Georgetown on 7.3 acres. The other at 2701 E. University is slated to be put on 3.4 acres.
The University site will include 8,500 sq. ft. of rentable commercial space in addition to the three-story indoor self-storage building that will be about 120,000 sq. ft. The proposed Inner Loop plan calls for a three-story building for indoor self-storage with 128,000 sq. ft. across three floors.
Hill Country Volvo Cars Breaks Ground, Is Expected To Offer Only Electric Vehicles By 2030
Community Impact – 7/22/2022
Hill Country Volvo Cars—a certified Volvo and Polestar dealership—broke ground on July 21 at FM 620 and Buckner Lane in Northwest Austin. The dealership plans to move to carrying only electric cars in the future. According to Dean J. Buschick, vice president and co-owner of Volvo Cars dealership in Austin, all of the 2023 Volvo cars models coming out “will have electrification,” meaning all vehicles will have some electric element.